A decrease in a fixed exchange rate from $1.75 per pound to $1.60 per pound is called a(n) ________ of the pound
A) devaluation
B) depreciation
C) revaluation
D) appreciation
A
You might also like to view...
Refer to Table 14-8. If the firms act out of individual self-interest, which prices will they select?
A) Brawny Juice will select a high price, Power Fuel will select a low price. B) Brawny Juice will select a low price, Power Fuel will select a high price. C) Both firms will select a high price. D) Both firms will select a low price.
In markets-oriented systems, handling of the manager-stockholder conflict in large firms is through
A) rating agencies. B) the potential for takeovers. C) management ownership of the firm. D) bank ownership of the firm.
Firms faced with prisoners' dilemma can always make more profits by engaging in opportunistic behavior. Why is this type of behavior NOT commonly found even in oligopolistic markets?
What will be an ideal response?
In which market should you begin your analysis if the domestic stock market is attracting more foreign investors? Which curve shifts initially?
a. Real loanable funds market, with a shift in the supply of real loanable funds b. Real loanable funds market, with a shift in the demand for real loanable funds c. Foreign exchange market, with a shift in the supply of domestic currency d. Foreign exchange market, with a shift in the demand for domestic currency e. Real goods market, with a shift in aggregate supply